MEG Energy

• MEG Energy-Cenovus deal clears key shareholder vote after delays

  Three vote delays, two sweetened bids and countless other twists and turns later, MEG Energy shareholders have given their blessing to an $8.6-billion takeover by Cenovus Energy.

  Money

  Nov 6
  
• Cenovus ‘resolute in our commitment’ to MEG deal, CEO says

  Cenovus foresees no further wrinkles in its takeover bid for MEG Energy, a day after a shareholder meeting to approve the deal was delayed due to a last-minute regulatory issue.

  Money

  Oct 31
  
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• Cenovus Energy raises MEG Energy offer, wins support from Strathcona Resources

  Strathcona Resources, which recently dropped its own hostile all-stock offer for MEG Energy, now says it intends to vote its 14.2 per cent stake in favour of the new Cenovus bid.

  Money

  Oct 27
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• Investment firm says MEG-Cenovus deal undermines fair bidding process

  'This is, in effect, a stuffing of the proxy ballot box to tip the scales towards the offer that rewards the board the most, but doesn't reward the shareholders the most.'

  Money

  Oct 15
• Cenovus floated as potential competing bidder for hostile takeover target MEG Energy

  Oilsands giant Cenovus has been cited by industry watchers as a potential competing bidder for MEG Energy, which spurned an unsolicited offer from Strathcona Resources.

  Money

  Jul 25
• Strathcona Resources Ltd. aims to join oilsands ‘doppelgangers’ with MEG takeover bid

  Calgary-based Strathcona Resources has made a $9.5 billion stock and cash takeover offer for oilsands producer MEG Energy, which it already owns a 9.2 per cent stake in.

  Economy

  May 16
• Workers returning to northern Alberta oilsands site after wildfire evacuation

  Cooler temperatures and rain forecast for the next few days are expected to assist firefighters.

  Fire

  Jul 26, 2024
• Trans Mountain pipeline expansion will boost Canadian oil prices ‘for years’: MEG Energy

  Prices for Canadian heavy oil increased, and the WCS-WTI differential narrowed, in April in anticipation of the start-up of the pipeline expansion.

  Money

  May 7, 2024
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• Significant update on Pathways Alliance project coming soon: MEG Energy CEO

  Six oilsands companies have proposed jointly investing in the construction of what would be one of the largest carbon capture projects in the world.

  Canada

  Nov 7, 2023
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• Energy executives say feds must make good on pledge to speed up project approvals

  The Liberal government announced last week that it will unveil a plan aimed at speeding up the federal permitting process for major infrastructure projects before the end of 2023.

  Canada

  Apr 5, 2023